5 Stocks Boosting The Electronics Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 155 points (-1.0%) at 15,255 as of Wednesday, May 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 466 issues advancing vs. 2,548 declining with 68 unchanged.

The Electronics industry currently sits down 0.21 versus the S&P 500, which is down 0.89. Top gainers within the industry include Marvell Technology Group ( MRVL), up 2.6%, and LG.Display Company ( LPL), up 2.3%. On the negative front, top decliners within the industry include Advantest ( ATE), down 4.57, Kyocera Corporation ( KYO), down 1.97, Maxim Integrated Products ( MXIM), down 1.94, Lam Research Corporation ( LRCX), down 1.85 and Garmin ( GRMN), down 1.49.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Analog Devices ( ADI) is one of the companies pushing the Electronics industry higher today. As of noon trading, Analog Devices is up $0.45 (1.00) to $45.59 on average volume Thus far, 1.2 million shares of Analog Devices exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $45.26-$45.70 after having opened the day at $45.70 as compared to the previous trading day's close of $45.14.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. Analog Devices has a market cap of $14.0 billion and is part of the technology sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 7.9% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Analog Devices Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, Xilinx ( XLNX) is up $0.44 (1.10) to $40.40 on average volume Thus far, 1.5 million shares of Xilinx exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $39.64-$40.46 after having opened the day at $39.75 as compared to the previous trading day's close of $39.96.

Xilinx, Inc. designs, develops, and markets programmable platforms worldwide. Xilinx has a market cap of $10.3 billion and is part of the technology sector. The company has a P/E ratio of 22.0, above the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Xilinx a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Xilinx as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Xilinx Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Cree ( CREE) is up $1.81 (2.98) to $62.47 on average volume Thus far, 1.1 million shares of Cree exchanged hands as compared to its average daily volume of 2.5 million shares. The stock has ranged in price between $60.09-$62.57 after having opened the day at $60.10 as compared to the previous trading day's close of $60.66.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications. Cree has a market cap of $7.0 billion and is part of the technology sector. The company has a P/E ratio of 100.1, above the S&P 500 P/E ratio of 17.7. Shares are up 73.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Cree a buy, 4 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Cree as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Cree Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, Taiwan Semiconductor Manufacturing ( TSM) is up $0.16 (0.81) to $19.20 on average volume Thus far, 7.0 million shares of Taiwan Semiconductor Manufacturing exchanged hands as compared to its average daily volume of 11.1 million shares. The stock has ranged in price between $19.02-$19.23 after having opened the day at $19.06 as compared to the previous trading day's close of $19.05.

Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. Taiwan Semiconductor Manufacturing has a market cap of $97.8 billion and is part of the technology sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 11.0% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Taiwan Semiconductor Manufacturing a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Taiwan Semiconductor Manufacturing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Taiwan Semiconductor Manufacturing Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, First Solar ( FSLR) is up $1.41 (2.76) to $52.52 on average volume Thus far, 4.0 million shares of First Solar exchanged hands as compared to its average daily volume of 7.4 million shares. The stock has ranged in price between $50.00-$52.98 after having opened the day at $50.40 as compared to the previous trading day's close of $51.11.

First Solar, Inc. provides solar energy solutions. It operates in two segments, Components and Systems. The Components segment engages in the design, manufacture, and sale of solar modules that convert sunlight into electricity. First Solar has a market cap of $4.5 billion and is part of the technology sector. The company has a P/E ratio of 10.9, below the S&P 500 P/E ratio of 17.7. Shares are up 67.1% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates First Solar a buy, 4 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates First Solar as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. Get the full First Solar Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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